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scott is off. i'm jeff glor. five days before the fiscal deadline, there is plenty of name calling but little evidence there is late word of a meeting tomorrow between president obama and congressional leaders. the full senate reconvened today. the president ended his vacation in hawaii early, flying back to washington this morning. but he made no public statements. if there is no deal on a budget by new year's day, nearly every american will see a tax increase. we have two reports on the stalemate, beginning with nancy cordes on capitol hill. nancy. >> reporter: jeff, democratic aides tell cbs news that senate majority leader harry reid is ready to introduce legislation that would avert the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the h
edition so unique. cities looking to make money by privatizing park and even airports. jeff flock has the story. jeff: i come to you from the giant parking garage at midway airport. it could be a multibillion dollar payday. is it a good idea or a bad idea? stay tuned. we will discuss. ♪ lori: the mayor of chicago renewing efforts to privatize the city's second largest airport. david: the proposal comes after a proposal from his predecessor. jeff flock is live at the airport. it is one of the most exciting airports in america. jeff: it is exciting because when you take off, you kind of look into the houses of various people. it is right in the center of a residential area. i am in a parking garage. this is one of the areas that they are hoping to privatize. you know, this shows off a lot of cash. they will privatize the whole airport, though. midway used to be the nation's busiest airport, believe it or not. now, just three big airlines fly out of here. southwest, frontier and delta. it still goes off a lot of cash. very attractive to private industry that would come in but they woul
funded by cbs >> it's friday welcome to "cbs this morning," everyone. i'm jeff glor with rebecca jar sis. charlie, gayle and norah are off. there are predictions but little progress in washington with a deadline for the fiscal cliff now just four days away. >> president obama meets later today with congressional leaders in one last effort to make a deal before the deadline. major garrett is at the white house. good morning. >> reporter: good morning, rebecca and jeff. in just a couple of hours at the white house the president meets with all the key congressional leaders, top democrats harry reid and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the senate majority leader may have spoken for a nation exhausted by seemingly endless fiscal cliff negotiations. >> what's going on here? >> reporter: what indeed. president obam
of michigan. dagen: jeff flock is in the middle of it. jeff: we will have him live on the air and just a moment. about 12,000 people by my count. stay tuned. ♪ ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you ll me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. connell: the union protesters are out in the state of michigan paddling the right to work legislation in the state. we are going there live in just a moment. apple shareholders hoping for a early holiday gift. no early dividend announcement. dagen: bottom of the hour. stocks now and every 15 minutes. we are watching delta. nicole: that is right. what happened here is delta confirmed it is acquiring the singapore airlines stake in virgin atlantic. i know you interviewed richard branson did he was here not that long ago. forming a joint venture. delta's stock is certainly reaction to this news. l
traffic and get the latest from jeff. good morning. >> starting in prince george's county, not much volume here in either direction. the significance is it's on my way to fed ex and i'm starting to tailgate in about two hours for sunday's game. looking good on other roadways. pennsylvania, and branch avenue and route 50. we'll head over to the fairfax county parkway, it's 95 north, looking good in both your hov lanes and the main line, up from stafford county to the mixing bowl, and over to montgomery county, just north of the american legion bridge. light coming in from virginia around the inner loop into montgomery county. outer loop looks good as well down 270 to the split. no problems on the bw parkway or 95 between the beltways and good ride around the outer loop of the beltway around montgomery county. that's a look at your fox 5 on- time traffic. >>> jeff, thank you very much. first at 7:00, honoring one of the nation's top warriors, general norman schwartzkopf. he died yesterday from complications of pneumonia. >> he is best known for his role in leading international forces in ira
42 degrees. >> all right. we'll take it. >> time now to check in with jeff newman to see how things are moving along on the roads. >> good morning. it is docile and mellow and soporific. i'll pull out my thesaurus and see what other words i can give you. heading over to the wilson bridge from alexandria around the outer loop into prince george's county, no problems to report. again, not expecting a very busy rush hour this morning into prince george's county. same situation as you head around towards landover and to the top side of the play. heading down from gaithersburg and rockville down to the split, your travel lanes are open. in bethesda, traveling southbound on wisconsin avenue o355 just before cedar lane, you are reduced to one lane. your right lane gets by as the crews are working on the water main break and that will last reportedly well into this morning's rush hour. that's a check of your fox 5 on-time traffic. traffic. >> thank you, jeff. >>> in the developing fiscal cliff negotiations with the clock sticking, top lawmakers are being called to the white house today. it
with law enforcement and emergency crews. jeff bush has more on the pg&e and how they're handling power outages >> we are here in the hills and the pg&e is working hard to get this neighborhood powers restored. the working crews are restraining a power line 183 fell. as you can imagine, they are three stringing re--stringing as this power line fell after a tree fell. >> it is heroic. it is challenging. it is difficult. >> pg&e says that there are thousands of crew members working on this big storm series like this one. >> we have people working 36 hours. and and eight our break. and that a 16 hour shift. and in terms of the storm we barely got hit. the most of the power has been restored but we are bracing for more when the storm-- really hit. >> jeff bush, kron 4. , the rain is causing damage in the and businesses are losing out because of the downpour. of the sea of read is in san francisco. alecia reed. (saw) >> christmas trees are being sold. there were shopping in the rain. >> it is the holiday spirit. in the we are having a holiday party to more we do not want to stop getting a tr
are live from one company bracing for fallout from the fiscal cliff, jeff flock has a preview. jeff: listen carefully to what just transpired in washington, a generator they are testing now, you can almost hear it. we are going to hear from the ceo on this subject of the fiscal cliff and what he hopes will happen and won't happen. stay tuned. tracy: the world's largest producer of gasoline powered engines seeing points for strong growth. we get past the looming fiscal cliff at the end of the year. jeff flock joins us with the company in wisconsin. jeff: is a huge fear and companies like this all over the country but particularly this one in wisconsin, a force for huge growth. these generators are home powered generators. sandy kicked up demand for this. what is their biggest fear? that the fiscal cliff gets gone over and next thing you know, we have problems. listen to the ceo talking exclusively on the fox business network. >> when you look at the fiscal cliff, everything that impact the economy and for us is housing and unemployment because that has a big impact in consumer confidence and
will go to jeff flock for that. jeff. jeff: as we speak, gm executives, that is who you are looking at right now, they are talking about the new chevy silverado. if you look at the pictures of this, there was a huge explosion as a new chevy silverado pickup was unveiled to the public. it is the number one selling vehicle for gm. this is where this thing went off. they set off an explosion down here. they are hoping for and explosion of sales. we talked to the president, for gm and he said even if we go off of it gm can still make money. we can flex and make a lot of money at fiscal cliff levels. we do not think that we need to. jeff: what do you do immediately >> we take a look at different car lines. we look at where the strength is and could be. then we look at the pent up demand. jeff: this is the silverado. they already have some kind of inventory. mark reuss said they have increased incentives. they are selling pickups. if we do not go off the cliff, they are extremely well-positioned. connell: jeff, thank you, as always. we will go back to washington for the speaker of the hou
are fine. highs in the low 40s. nice day today. >> thank you. >>> time now to check in with jeff newman. >> good morning. we'll start in virginia as i mentioned. a light commute but the accident just north of the occoquan has thinged backed up to dale city. it is not impossible. it is not stop and go. just running a bit under speed. here is your look as you are passing 123 on the way up to the accident scene which is just after the occoquan. once past this juncture, it has moved over to the left shoulder there in the main lanes. your hov lanes are running at speed. once past this and through springfield off to the lanes of 395, no problems to report. around theener loop, springfield passing tyson's over to the legion bridge. -- around the inner loop, springfield passing tyson's over to the legion bridge. no problems to report as you are heading down from baltimore passing columbia and laurel to the spli at the beltway. not exactly a clear camera. i ap see with the headlights that the volume is a lot less than it would be at 6:00 on a weekday. -- and laurel to the split at the beltway. t
, no word on his condition. >>> convicted polygmist warren jeff owe. >> there are more deputies around here now. used to be two at any given time. now there's 6. >> residents say the anxiety is ramping up as followers of warren jeff prepare for the end. >>> greater blue backpacks and pack them with essentials and be ready to go. >> the latest published revelations to be ready for a disastrous cleansing. >> former lbs member says he's heard it all before. >> it's just warren whipping them up into another frenzy. >> and when the end doesn't come, jeffs will still be right and blame his followers. >> so it's your fault it didn't happen. >> while the doom's day predictions come and go, the blind obedience could some day lead to tragedy. >> i have a brother in law who told me sister, if the profit told me to i'd slid your throat without thinking about it. always that fear that warren would see how far he could take them. >> former members say jeffs may have chosen december 23rd because it's joseph smith's birthday. smith was the founder of the mormon church. >>> wall street's winning streak cont
accident? kind of a black box tore cars? it cosave money and lives but what about privacy issues? jeff flock has the story. he is live from the streets of chicago. jeff? >> some people like the idea, david, some don't of the you're looking live, by the way, lakeshore drive headed to downtown chicago. we'll have both sides of this issue. it is complicated. stay tuned. it is very interesting and you may be getting a black box whether you like it or not. stay tuned. how do traders using technical analysis streamline their process? at fidelity, we do it by mging two tools into one. combining your customized arts with leadi-edge analysis tools from recognia so you can quickly spot key trends we like this idea so much that we've applied f a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovave reason serious investors are choosing fidelity. now get 200 free trades when you open an account. your soups are so awesomely delicious my husband and i can'stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... w
at one company has spiked because of the superstorm. jeff flock joining us from wisconsin with more. jeff: i have a unique ceo who is concerned about the fiscal cliff but at the same time is hiring like it is going out of style. the ceo of generous. look at what is coming off of the line. that is one of your own power units. it has become so much in demand because of sandy. >> these are products that have only been around ten years. only a 2.5% of u.s. households a huge opportunity for markets. jeff: you have hired 200 people additionally since sandy. >> we are bringing them on and running three ships in this facility today in response. jeff: look at the stock and walked me out here. i will see as much of this facility as i can, a 3,000 square foot facility. bird stock. you have doubled in value as a result of the hurricane. >> we did. people have started to understand the importance of backup power, with you are a homeowner or a business owner. >> this is the wind turned out backup power. this unit right here, let me take a look, people have said i don't want to be out of power every tim
petallides watching traders' reaction from the floor of the nyse, jeff flock watching action on the trading pits of the cme and we have you covered with all-star fed panel. first we begin with nicole petallides on the floor of the nyse with stocks at the top of the hour. the fed now up 6. nicole: we are up six points, we are for six day is a row for the dow jones industrial. some would say people were waiting on the fed, talk about more easing and more stimulus and traders, they were asking about extending the programs, we will see about that. as far as major market averages the dow is just above the unchanged line like the s&p 500 and the ticket in nasdaq pulling back and you see the markets are very tepid and hovering right near zero and waiting for each headline. dennis: thank you, critics are calling it q e forever. the expected in moments to announce a new stimulus. cheryl: a current bond buying program, operation twist is scheduled to end. let's bring in our all-star panel. let's start with gerald 0 driscoll who is with the cato institute. you say we need to end the bond buying progra
numbers. on the technical side abigail doolittle, equity strategist and jeff kilberg, our founder and ceo at kkm financial. good to see you both. welcome. abigail, you've been bearish on apple for a while. does it mean you like nokia instead? tell us what you think. >> apple continues to look very bearish to me. it's trading in a confirmed double top. this pattern has been confirmed for more than a week now. it's careying a target of 353 so apple could actually tumble another 30% from here. supporting that double top, the fact that it's a very reliable pattern once confirm. a recent death cross suggests that the selling momentum has increased. plus, there are unfilled caps, gaps, down near 331 and 431, excuse me and 386. overall i think that app continues to look very strong on the downside target. nokia, on the other hand, is trading on the inverse of that entire pattern setup. trading in a confirmed double bottom this. pattern has been confirmed for almost a month now. the target is 515 so 30% potential upside from current levels. nice golden cross. plus, there's an unfilled gap at 5. s
of those problems that come with that. here this morning with more on that is jeff berardelli meteorologist at our station in miami. good morning to you, jeff. >> good morning to you seth and good morning to you, everybody. you know this is turning out to be a pretty significant system. we've already had three inches of snow in parts of kentucky. it's moving east into central pennsylvania as well in fact. as we zoom into the radar you see heavy snow. into the southern tier of new york moving into buffalo. what's going to happen with this system is the main low is going to transfer its energy to the coast and that is going to become the primary storm that's going to rise up the eastern seaboard and probably pretty significant places below. but even the major i-95 cities like new york, philly and boston will see significant snow from this. >> what happens here? how much worse is it here than in the rest of the country? >> well, you know, this storm was fairly weak before nowhere near as strong as the last one was. this is finally getting its act together. >
access to the country's main government building in kron-4's jeff bush was at a vigil held today at the >> reporter: about three dozen protestors gathered at the consolate on arguello street just before sundown. many of them are indian expatriates and say something needs to be done to address women's rights in >> (protest organizer) preeti shekar: this incident is one of many that have been going on and we are here to say that violence against women is not ok and we need to do something >> manoj hergarwl, protestor: i'm a citizen of india and i thought i should be herejust, as a guy, i feel so sad and it is shameful what has happened people without ties to india>> marcia poole, protestor: india has tolorated the rape of women for so long now that the police actually, >> reporter: the group presented a petition to the consulate saying more needs to be done to stop violence against a representative accepted the petition and gave a the incident. he said a established to investigate >> n.p. singhand: we are confident that the incident will prove to be a turning point. efforts are be
?" [laughter] jeff -- 1/2 to recruiting. i will give the phone to bob and you can ask him. -- i have to go recruiting. hold on one second. [laughter] some people want to have a drink with you. they want to meet at jeff's. >> my goodness. that man hosts a radio show and he was using the phone to record the press conference. that is mortifying. >> you cannot use remote -- use your iphone to multitask. he handled that very well. >> there were some frustrating moments tuesday -- to say. despite some plays like that, mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >> from the susquehanna bank sports center, this is an 11 sports. >> one heck of a game between the ravens and redskins. baltimore watching, fourth quarter be disappearing the second wee
in those parts. the weather is also wreaking havoc on commodity prices. here is jeff flock with more on that. jeff: good news on the drought front. that is exactly what they need is that kind of moisture. take a look at the pictures. we have been worried here. i am in the oke. right now. >> it really helps the wheat market. we will expect to have a better crop. jeff: and helps with the situation on the mississippi river. you can get shipments up and down. >> all of that really plays into it. jeff: you said this market is pretty thin right now. >> a lot of money on the sidelines with what is happening in washington, d.c. the fiscal cliff has everyone worried. jeff: virginia, always appreciate your insight. thank you. a lot of people talking today. also, about the merger. even though it is competition here, it also is an acknowledgment. they must have been doing something right here in chicago all along. connell: every time you think about futures and trading floors and what it means for human beings, yes, it is a big story. jeff flock, thank you. as we continue, the other big things c
of interviews with retired senators roll on. my conversation with jeff binghamton about why he wants to change the senate's rules and his own changing views on issues like same-sex marriage. you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. that's what may help lower your cholesterol and -- well that's easy oh, let me guess --ou see this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> well, it's not just a fiscal cliff that looms at the end of the year. a number of washington veterans are packing up their offices and they're not
to bring these jobs back. >> what do you think about jeff immelt's article where he says i'm bringing jobs back to america makes more economic sense. >> he was bringing jobs back to america. i wasn't prepared for this quiz this morning. i can tell you from memory, he brought a bunch of jobs back in lexington, kentucky. >> he is stoned. >> get lexington, kentucky out. >> do you feel like we do? we're going to kick out with frampton after he's done with this answer. >> he brought back a bunch of jobs at lexington, kentucky but at much lower wages. >> what kind? >> it was appliance jobs. >> they have the huge apply hans city down there and all these massive buildings and their own zip code and one building after another closed down. he's starting up one assembly line after another. are they going to get paid $30 an hour? no. >> here's the point. how do you have a ro best recovery when you have wage compression, people who made $30 an hour making $14 an hour. how do you grow an economy like that. >> the point is do we want these jobs building in germany or alabama. want them in lexington, kent
to privatize the cities i second biggest airport. jeff: this was the world's busiest airport from 1948 to 1961. now it is just three big airlines that call this home. southwest, frontier and delta. it is still a huge cash generator for the city. he famously had a deal to privatize the city's parking meters and the problem is, they took all the money they had and spent it already. mayor manuel is under some scrutiny. as i said, both are choosing to do so. the problem is, if you get that money up front and then you spend it, not such a hot deal. they had a $2.5 billion deal before. the problem is the financial downturn of 2008, 2009 hits. it is a possibility that this could all be done privately. it generates a lot of income for cities. the argument is private industry can do it better than public government can do it. dagen: jeff, thank you very much. happy holidays. merry christmas. jeff: thank you, dagen. dennis: "the hobbit" is becoming a trend in hollywood. it took in $36.7 million. the action thriller starring tom cruise debuts in second place "this is 40" is coming in at third. that is fo
. taking a look at oil. something we do not like to see if you drive a car. jeff flock has a very latest on this. jeff: a slow day at the cme. this is the euro dollar option pits. though oil. is very active. let's put up wti to start with. up over two dollars, up over $90 right now. just short of two dollars. you think, oh, do they know something about the fiscal cliff? not that at all. it is actually action in the middle east. reports of military exercises have commenced. military exercises in there and later in the week more military exercises. brent is off as well. heating oils are up. everything is up. even on a slow day here at the cme in chicago. dagen: good to see you, jeff. jeff flock reporting. thank you. the pentagon planning to deal with half a trillion dollars in budget cuts thanks to the looming cliff. gun sales rising over concerns of tighter gun control laws. we can find some winners in the stock market. here are some of those on the s&p. ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a qu
. ashley: we need to get our applications and. tracy: oil prices tumbling again. jeff flock in the pits of this cme with the very latest. jeff: coffer of about 1% today. positive news out of china. coffee is down. way down. the number of coffee beans is up. that means prices are down. scott shelby trades a lot. >> not really. deflation may be coming on board and set of inflation. it is something japan has been stuck on for years. jeff: the big markets are not moving. >> when the government tells you lower longer, we may not all put our purchases off for next year. our economy still is not doing very well. we have the inflationary rather than inflationary. jeff: scott will walk slowly, by the way, he fell down the stairs and he is concerned about the economy falling down the stairs. >> even if there is a deal, ultimately, that will not get jobs going. we are growing a little bit. central bankers cannot stand deflation. they have been fighting inflation for years. jeff: i will leave you with the price of gold. you think gold is done. >> it will be cheaper next year. it will start to get p
asked general electric chairman and ceo jeff immelt for his thoughts on the looming fiscal cliff and the impact it could have on the u.s. economy. >> i'd make a couple comments. we've got to get this done now. not there are people who write and go on news shows and say we can let it lapse two weeks. that is specifically not true. we need this to get resolved now. not because because jim mcnerney will say it or jeff immelt will say it, but the millions who work for us, their lives are in flux. this is incredibly credible that we get it done now. we need revenue. everybody knows we need revenue. >> i think the president is right in asking for more revenue and therefore not extending the bush tax cuts to those with more than $250,000. >> bowles-simpson, there's not been one commission that says we can do this just on spending cuts. there has to be revenue. i think speaker boehner is the only guy that can lead us in that. >> that means you've got to take the republicans from the house of representatives and make the deal. >> and i trust that he could do it. >> we'll have more of that
long it became the 12-13-12 concert. jeff glor is here with the highlights. jeff, good morning. >> reporter: charlie, good morning touchlt it seemed like everything about the night was big. the length of the concert, nearly six hours. the list of performers, 17. promoters are hoping the biggest number of all is the amount of money raised. >> this has got to be the largest collection of old english musicians ever in mad 17 square garden. >> reporter: mick jagger was right, but it wasn't just englishmen performing at last night's concert for sandy relief. the stage was full of artists and presenters who grew up in sandy's path. >> my city, new york city. ♪ put your cell phones in the air ♪ ♪ we can celebrate love >> i'm here to talk to you about seaside heights. >> long island. >> i was born in brooklyn. >> staten island. >> the good part, not the wootang part. >> we're just too mean to lay down and die. ♪ >> reporter: an epic lineup for an historic show. ♪ only the good die young >> reporter: available to two billion viewers. the 12-12-12 concert was the most widely di
for one wisconsin generator company. jeff flock is live with that story. first, some of the winners and losers. ♪ le announcer ] where do you turn for legal matteters? at legalzoom, we've created a better place to handle youregal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to aner any questions. get started at today. and now you're protected. ashley: superstorm sandy causing devastation for many americans. massive power outages sparked a booming business for one wisconsin company. jeff flock has more. jeff: whenever there is a huge economic recovery in this country, this is what it will look like. this is a company that makes generators like no other. they
to, believe it or not, hurricane sandy. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are bullish, increasing production by 11%, and gm holding off on sales forecasts because they are worried about the cliff. look at the numbers. as lori said, gm up 3%, ford up 6%, chrysler up, 30th consecutive month of increases for chrysler, toyota up 17%. gm did well with small cars, we're getting to the point in the country where cars are # getting so old, 11 years is the average age of a vehicle right now, and that is driving it as well. on the sandy front, as we look at the stock numbers, the folks at ford say we are 30,000 additional sales industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that rec
are seeing. so many people suffered but there are businesses that will take advantage of this. jeff flock taking us inside this facility's manufacturing warehouse coming up next. >> it is hard to get in there. [ male announcer ] ths is steve. he loves risk. but whether he's climbing everest, scuba diving t grt barrier reef with sharks, or jumping into the marke he goes with peop he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a t of lotions doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] breakrom the holiday str
to digest it it was a phenomenal story. the intercontinental exchange was created only 12 years ago by jeff springer, a longtime executive in the energy industry. people don't realize energy is a commodity, commodities are traded in exchanges locking in costs. he came up with a system to forget about the pits of chicago where people ice-cream at each other or new york, the new york mercantile exchange, let's do electronically and he created this thing, the intercontinental exchange and what is great about this is it is something to be said for the stock exchange remaining independent but they are now part of an american company and an american entrepreneur created $10 billion of wealth, that is what the market cap was before the deal and when you buy something your stock usually goes down a little bit, created $10 billion worth of wealth of market cap in ten years, something to be proud of and buying the stock exchange. not selling for the germans. [talking over each other] >> regulators time it. charlie: regulators in europe, eyes and nasdaq attempt over the stock exchange on antitrust gro
lined up in oakland to trade their guns for cash. kron4's jeff pierce has the details. >> one hundred and twenty one, one hundred and twenty two, one hundred and twenty three, one hundred and twenty four. >>reporter: olois simmons of youth uprising counted the cars waiting to turn in guns for cash saturday afternoon in oakland. nearly two hundred cars with guns in their trunks waited hours for the hundred dollars for each gun for as many as three guns. it was one of the most succesful gun by back programs ever held in the city. >> one gun off the street is good but the whole back side of a paddy wagon is even better. >>reporter: that success was credited to youth uprising's ability to organize and promote the event beyond what a police department is able to achieve. >> we had young people as the voice of it we did out reach hand to hand in communities with community members reaching out to each other, you get a drastically different outcome then when you have the police reaching out. >>reporter: the oakland police department was more than pleased to process and take possession of thos
. kron4's jeff pierce has the story. >> we are here to represent the twenty six people who were massacred in newton connectticut (naming of vitims) >> reporter: local members of the brady campaign the national group that has crusaded for the ban of assault weapons for over three decades laid on the cold concrete of justin hermin plaza in san francisco saturday afternoon. >> we've been losing children to gun violence for a long time, i'm hoping this is the straw that broke the camels back. >> it has a greater impact when it is twenty kids at once there is something about first graders that strikes peoples hearts. >> reporter: the brady campaign and others like them are mobilizing to keep the dialogue this national tragedy has created in the forefront of their effort to ban assault weapons. >> i'm hoping that these twenty six people did not die in vain that these twenty children, their lives have to mean something and this is what they are going to mean. >> reporter: the campaign is encouraged that their pleas have finally reached as far as the president himself. >> with him establishing th
. senator jeff merkley, a democrat from oregon is trying to change that. he's got a proposal to force talking filibusters in the senate. it wouldn't change what i think is a central part in the senate, the 60-vote super majority, but it would make the filibuster into something that the minority had to put some effort into using. you have to want it. now, so i want to be clear on merkley's proposal. if it passed, the minority could still filibuster anything they wanted. they couldn't subject almost everything to the same 60-society challenge we have now. all they would have to do is talk. tell the american people why. and they probably wouldn't even have to do that that much, because the majority can't just let them talk all the time, they have to let them get stuff done. but even that modest reform is too much for many senators. "the huffington post" reports that a bipartisan group of lawmakers led by herman cain and levin are proposing a counter proposal that does even less. it would eliminate some redundant opportunities to filibuster. give quicker consideration to some nominations,
weeks left from the fall of the fiscal cliff. jeff flock is live with a companies ceo. always try to give you a unique perspective. this is mr. transmission. one of the franchises. these are small businesses all around the country that are now having to prepare for the potential of huge tax increases as we go forward. >> yes. yes. we are preparing. we will be looking at what we need to pull back on with some things that we actually would have spent money on. you are already putting aside money to pay the additional tax bill. yes. we are in the middle of budgeting. we will be moving was dollars they do not make a ton of money. people think that any business makes a lot of money. >> we do not. most of our facilities make about a half a million a year. jeff: when speaker boehner says let's have the tax hike hits at more than 250, what does that mean for you? >> there are some small businesses that maybe go over that small marker. jeff: that could make a huge difference. that takes a lot of people, small businesses like this one out of the picture. lori: interesting thought. jeff floc
vigil for the victims. jeff glor is here with that story. jeff, good morning. >> norah, good morning to you. before his speech last night, president obama told the governor of connecticut that friday was the most difficult day of his presidency. he carried that knowledge with him on stage, delivering a speech that said something must change. >> we gather here in memory of 20 beautiful children and 6 remarkable adults. >> as president obama addressed the crowd at sandy hook high school last night. >> i can only hope it helps for you to know -- >> he said he spoke for all parents. >> -- that you're not alone in your grief. that our world too has been torn apart. that all across this land of ours, we have wept with you. >> but he also spoke as a weary leader. >> since i've been president this is the fourth time we have come together to comfort a grieving community torn apart by mass shootings. we can't tolerate this anymore. these tragedies must end. surely we can do better than this. >> and as he read the names of the 20 children who died in friday's shooting som
to figure out what led to this massacre. jeff glor is in newtown, connecticut, where two young victims were laid to rest on monday. jeff, good morning. >> reporter: nor agood morning to you. we are one week away from christm christmas. here in connecticut, it will be a week full of funerals for the victims of friday's shooting. in connecticut on monday, the first two funerals were held for the victims of friday's shooting. 6-year-old noah pozner and 6-year-old jack pinto. the state's governor and lieutenant governor each attended one of the services. >> you try to feel their pain but you can't. you try to find some words that you hope will be adequate, knowing that they'll be inadequate. and you see little coffins, and your heart has to ache. >> reporter: that heartache will continue over the coming days as more funerals take place and as the holidays approach. in the middle of town here, an ever-growing memorial has become a site for those who want to pay their respects. >> because i'm a dad of four beautiful children, four daughters. when i found out, it broke my heart. and it's hard to s
have jeff flock -- i think he's -- is he on the mississippi? mississippi has dropped near record lows in terms of volume of water and the width of the shipping channel. are you on a boat there, jeff? i want you to give us the latest on this. this is getting serious. jeff: absolutely. this is becoming very serious. you know, it is raining today, but that does not correct the drought that we have experienced all summer. take a look at this tow. i'm on board. this is transporting fertilizer, going up river, also some empty barges to bring grain down river. we are reaching a point where the mississippi river is almost unnavigable. you can't get two tow boats by like you typically can and there are parts of this river that may soon make it impossible to ship anything here. it could be a huge story. we will be on this all day long today, stuart. it is turning into a disaster along the mississippi. stuart: there he is, jeff flock, in the middle of it as always. thank you very much jeff. the highlight reel will be next. twins. i didn't see them coming. i have obligations. cute obligations, bu
only one viewpoint on that same subject matter. >> jeff, what about that? is this a first amendment issue? >> this is actually a hard case, i think, because it is true that physicians or anyone else can express any kind of opinion they want about homosexuality but it's also true that the state of california can regulate the practice of medicine, including telling doctors and any kind of care providers you can't mislead, give advice that will hurt patients. they can't prescribe laetrile to cure cancer because that doesn't work. what the state of california tried to do here is say that this kind of therapy is harmful, especially to children, and we as the state can stop it. that i think is close to legal, but it is also true that physicians and therapists do have certain rights to express their opinion about what works and what doesn't, and the judge tried to navigate between the two of those. >> but is this ruling, jeff, by the judge, the law, does it stop a therapist from speaking out against -- i mean, if they want to go on television and say being gay is bad or you know, against r
advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up until the end, but the way i view this is we will not and cannot go over the fiscal cliff. >> you think the can will be kicked down the road. >> well, i think washington learned its lessons from the credit crisis. they are not going to have this go over the cliff, and i think it's going to be a recipe of a small part of cutting spending. a small part of raising taxes and a healthy doze of kicking the gan down the road. >> you would be so sure that these guys cannot do it when in fact here we are 18 days away. steve sax from your standpoint in, terms of etfs and in terms of indexing out there, how do you want to invest given all of these uncertainties as we approach year end? >> i'm in the camp i certainly hope we can avoid the fiscal cliff, but right now i don't have a lot of confidence. we're still seeing a lot of f
in washington. raymond james says he's expecting the santa claus rally. jeff is with me now also dean from barclay's, peter anderson and our own rick santelli. jeff, how can this market rally when there's still so much uncertainty out there? >> i am surprised the market held up as well as it did today, maria. it had every reason to be down four or 500 points. historically, the week after christmas it's up about 70% of the time with a little over a percent gain. and i think you're going to see that after tax selling gets over as of today. and in terms of the selling that we are seeing already, do you think it's partly because people are expecting capital gains and dividend taxes to go up regardless? >> yeah, i think that's right. there's still a chance for a solution to the fiscal cliff. washington tends to work on a last-minute basis. the fact that the republicans couldn't even get together and chose some kind of solidarity even though they knew the plan b wouldn't go through is disturbing. >> dean mackey, how do you see 2013? >> the positive thing right now sthot consumer spending was pic
controversial again. we are in a situation, jeff goldberg, where someone's name is put out there. it's floated, and surrounding opposition piles on. can the president -- can this president afford to bail on a second person the way some perceive he bailed on susan rice before the nomination is even made? >> i don't know what you call the endless float. these people are put out there. their names are floated, and then they're floated endlessly, and it gives time for all of this opposition to arise and formulate, but, no, i mean, the short answer is obviously he bailed on susan rice who was his close confidant and friend. he apparently wants chuck hagel in this job very much. it would look very weak to be put it bluntly -- it would look weak to bail on this because of some coalessing opposition. >> and one thing has been cleaned up in the last few minutes, in fact. there was also opposition developing from the lgbt community because susan, of what chuck hagel had said 14 years ago in opposition to the nomination of james hormel, openly gay, as an ambassador to luxembourg. it would have been the f
the conditions are terrible. >>> all right, let's bring bring in jeff for the weather, what is the latest on the storms? >> it's in the earn part of the country. we're expecting the severe weather threat to shift to the east today. i want to punch this full so you can see it. that's where the shrms are, on the northern and western side of this storm we have a raging blizzard. we're expecting almost a foot of snow there, and snow is now moving into northern parts of virginia. >> what about into the rest of the week? >> this storm will start to translate northeast ward and will be a headache for most of the earn half of the country. first things first, let's talk about the severe weather today. today, it's in earn parts of georgia, north carolina south carolina, and there is a moderate risk for severe weather. that means we could see tornadoes in this area once again. as far as snowfall that strip of blew is between six and 12 inches of snow but it's towards upstate new york with lake enhanced snow one to two feet of snow wind gusts up to 40 miles per hour and a huge
what led to this massacre.acre. jeff gore is inlor is in newtown, connecticut, where two victims were laid to rest monday morning. >> reporter: good morning to you and good morning to your viewers in the west.n connecticu one week this week will be full of funerals and wakes. friday's in connecticut on monday the first two funerals were held for the victims of friday's 6-year-old shooting, 6-year-old noah pozner 6- and 6-year-old jack pinto. the state's and lieutenant ed one of th governor each attended one of you try their services. >> you try to feel their pain but you can't. some you try to find some words that you hope will be adequate knowing they'll be inadequate see and you see little coffins and your heart has to ache. >> reporte >> reporter: that heart ache will continue over the coming day days, as more funerals take place and as the holidays oach. approach.iddle in the middle of town here an ev ever growing memorial has become who a site for those who want to pay their respects of >> because i'm a dad of four en four beautiful children, four daug daughters
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